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Disney CEO Bob Iger Prepares Exit
31 Jan
Summary
- Bob Iger plans to step down as CEO before contract ends.
- Succession planning is underway, board to vote soon.
- Iger may remain on board after CEO transition.
Bob Iger, the CEO of Walt Disney, has informed associates of his intention to step down from his role and reduce his daily management responsibilities before his contract concludes on December 31, 2026. This news comes as succession planning at the media giant has intensified.
The board of directors for the entertainment company is scheduled to convene next week at their headquarters in Burbank, California. During this meeting, they are expected to make a decision regarding Iger's replacement. Iger has privately indicated his readiness to transition away from the CEO position, reportedly citing frustration with internal conflicts.
It is anticipated that Iger will continue to serve as CEO for several months following the announcement of his successor, providing mentorship to the incoming leader. He may also retain a position on the company's board. Potential candidates for the CEO role include Josh D'Amaro, Dana Walden, Alan Bergman, and Jimmy Pitaro.
